It’s been a busy week! The weather is warming up, and that means vacation season is coming! Make sure to check out our Fraud Prevention tips and tricks for the travel industry blog post. Also this week, we are seeing 3-D Secure back on the radar screens of risk managers. Could the increase in online fraud be the reason for this new interest?

Last week we introduced some shocking statistics about fraud in the travel industry. With so much fraud out there, how can you reduce it without killing good orders? Too much friction can deter consumers from future purchases, as well as the current transaction, so there is a lot at stake.

As spring break gears up, CardinalCommerce looks at the shocking statistics around online fraud in the travel industry. For instance, did you know that it isestimatedthat credit card fraud represents between 1% and 2% of an airline’s revenue in the indirect channel? This presents a $2.4 – $4.8 billion dollar problem for airlines!